Market Watch(Şeker Yatırım)

Outlook:
The BIST100 Index started Friday on a positive trend, remaining above 5,000 despite intraday fluctuation to close at 5,031.98, down 0.59%. While the Banking Index diverged negatively, down 2%, the Industrial Index diverged positively, down 0.08%. On a weekly basis, while the BIST100 Index fell 2.03% the Banking Index lost 3.14% and the Industrial Index lost 2.25%. Regardless of short-term reactionary purchases over election uncertainty, we expect fluctuation to win out until the election set for May 14. Meanwhile, the perceived rising risk for the banking sector stands to increase volatility further. Amid continued global concern following the bankruptcy of US bank SVB, the Fed and the Bank of England continued to raise interest rates at their meetings last week. However, after related statements and new regulations introduced, indices in the US ended the week with rises of up to 1.66%. We expect risk appetite in global markets to continue finding direction due to the above mentioned factors. US and German DAX futures were positive this morning. Asian Stock Markets are predominantly selling after data pointed to a decline in earnings among Chinese industrials. The VIX regressed to around 21 this morning indicating that volatility in the US Stock Markets continues, despite abating somewhat. An ounce of gold has declined from around 2,000 to around 1,970, which it saw on Friday, confirming that the search for a safe haven has decreased. On the domestic front the VIOP-30 Index closed the Friday evening session down 0.33%. Locally, we expect the Benchmark Index to start Monday positively, sustaining its uptrend thereafter. SUPPORT: 5,000 - 4,906 RESISTANCE: 5,080 - 5,136

Şeker Yatırım Menkul Değerler A.Ş.
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                               Yasal Uyarı
 
  Burada yer alan yatırım bilgi, yorum ve tavsiyeler yatırım danışmanlığı kapsamında değildir.Yatırım danışmanlığı hizmeti ; aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı sözleşmesi çerçevesinde sunulmaktadır.Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır.Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabılır.Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.